Personal Finance Terms

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Across
  1. 3. the act of putting money into your bank account
  2. 5. when a business pays you interest or a share of its profits.
  3. 11. the costs related to running a business.
  4. 12. the act of taking money out of your bank account
  5. 14. a nonessential item; something that is desired, usually expensive and/or hard to get but not essential to sustain life
  6. 16. Borrowed money from a bank - must be paid back with interest.
  7. 19. an individual, bank, or company that loans money
  8. 20. buying shares in a company. Makes the investor a part of the company.
  9. 22. in the U.S. people 65 or older who no longer work for their income. Whether or not a person is able to retire depends on how well they saved while they worked.
  10. 23. setting aside a small amount of money every week/paycheck. Saving allows someone to purchase something without credit (and more debt) later.
  11. 25. a way that investors lend money to businesses. Businesses pay them back later with interest.
  12. 27. interest paid or to be paid both on the principal and on accumulated unpaid interest.
  13. 29. a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.
Down
  1. 1. a plan for how much money will be spent on each type of item that a person must buy.
  2. 2. a way that investors lend money to businesses. Businesses pay them back later with interest.
  3. 4. coins or bills generally accepted as with certain values that Americans use to trade for a good or service.
  4. 6. the lowest wage permitted by law, (U.S. = $7.25/hour)
  5. 7. terms for one’s work related financial earnings
  6. 8. the amount a lender charges a borrower and is a percentage of the principal—the amount loaned.
  7. 9. when you give money in return for a good or service.
  8. 10. made up of many companies. A safer investment because, if one company does poorly, investors still make money from the profits of those that are doing well.
  9. 13. money that an individual has on-hand and can readily and easily be spent
  10. 15. something owed to another: a thing or amount due.
  11. 17. putting money into a bank account, stock, bond, or mutual fund that pays interest.
  12. 18. money that comes from getting paid for doing work
  13. 21. a score based on your history as a borrower.
  14. 24. a fee lenders add to the total amount a borrower loaned from them. This is how they make money
  15. 26. when a person gives money in return for a good or service.
  16. 28. buying shares in a company. Makes the investor a part of the company.